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Warren Buffett Doubles Down on Big Banks as Berkshire Trims Apple Stake

  • Berkshire cuts Apple holding by 1% amid stock plunge
  • Company adds stake in Red Hat while exiting Oracle holding
Bloomberg business news
13F Filings: Hedge Funds Cut U.S. Equity Holdings
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Warren Buffett’s Berkshire Hathaway Inc. took advantage of a plunge in bank stocks to pile even further into his bet on financials, while trimming a giant stake in Apple Inc.